• Goldman Sachs Sees Decrease in Chance of Recession
  
  Goldman Sachs put the odds of a recession within a year at 25% in a research note on Monday.This is down from 35% earlier this year.
• Goldman Sachs Lowers Odds of US Recession
  
  Goldman Sachs on Tuesday lowered its probability for a U.S. recession in the next 12 months to 25% from 35% and said the Federal Reserve will "most likely" hike interest rates by 25 basis points in July.
• Service Sector Slows to 3-Year Low: ISM Survey
  
  The U.S. service sector barely grew in May as new orders slowed, pushing a measure of prices paid by businesses for inputs to a three-year low, which could aid the Federal Reserve's fight against inflation.The Institute for Supply Management (ISM) said on Monday that its...
• UBS Keeping 100+ Credit Suisse Bankers in Asia
  
  UBS Group AG is looking to retain more than 100 Credit Suisse Group AG investment bankers across Asia, as the Swiss banking giant plans to shore up talent in markets where its rival has a stronger presence, Bloomberg News reported on Sunday.
• WH Focused on Oil Prices, Not Supply After OPEC Cut
  
  A White House official said on Sunday that the Biden administration is focused on oil prices and "not barrels" after Saudi Arabia planned to make a deep cut to its crude output.
• Oil Jumps 2 Percent on Saudi Plan to Deepen Output Cuts From July
  
  Oil prices jumped more than $1 a barrel on Monday after the world's top exporter, Saudi Arabia, pledged to cut production by another 1 million barrels per day from July, counteracting macroeconomic headwinds that have depressed markets.
• Peter Reagan: This Debt Ceiling 'Resolution' Is Missing a Solution
  
  It seems like the U.S. won't default after all. Unfortunately, that means business as usual in DC. Here's why that's bad for everyone.
• Trevor Gerszt: 3 Reasons the US May Already Be in Recession
  
  According to some people who lived through it, the Great Depression wasn't all that bad as long as you had a job. The problem was that many people didn't have jobs.
• Strong Job Market Makes Recession More Elusive
  
  The nation's employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of enduring strength in an economy that the Federal Reserve is desperately trying to cool.
• US Employers Add a Stunning 339,000 Jobs in May
  
  The nation's employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of strength in an economy that the Federal Reserve is desperately trying to cool.
• Nigel Green: Debt Ceiling Deal Is Not Over - Far From It
  
  The Senate passed legislation Thursday evening to raise the U.S. $31.4 trillion debt ceiling and impose caps on government spending through the 2024 election, ending a drama that could have brought about a global financial crisis.
• Dr. Peter Navarro: McCarthy Deal Places Nation in Peril
  
  Joe Biden’s massive, multi-trillion dollar trio of spending packages that McCarthy should have demanded be cut are now destined to spike our budget deficit, soaring national debt, and already out of control inflation.
• Sen. J.D. Vance: Debt Ceiling 'Bad Deal All Around'
  
  Ohio Sen. J.D. Vance on Thursday decried the debt ceiling bill that passed the House of Representatives, telling Newsmax that the only result will be a reduced American military.
• Rep. Donalds to Newsmax: McCarthy Wasn't Looking for 'Best Deal'
  
  Rep. Byron Donalds, R-Fla., told Newsmax Thursday that House Speaker Kevin McCarthy, R-Calif., was looking to get a debt ceiling agreement done, but perhaps not the "best deal."
• Rep. Tenney: Debt Ceiling Deal 'Not a Spending Bill'
  
  The debt ceiling deal between House Speaker Kevin McCarthy and the Biden administration is "not a spending bill" and was made to "curb future spending and policy," said Rep. Claudia Tenney, R-N.Y.
• Susan Estrich: Biden Must Now Focus on Avoiding Economic Uncertainty
  
  Those who are angry at Biden, the bipartisan compromiser, should remember who the president is, who he ran as, who he has always been: a bipartisan compromiser.
• McCarthy: Bill Brings 'Largest Cut in American History'
  
  House Speaker Kevin McCarthy, after the Republican-controlled House's overwhelming vote to approve a bill to suspend the nation's $31.4 trillion debt ceiling until 2025, said that "history will write this is the largest cut in American history."
• Rep. Armstrong to Newsmax: Debt Ceiling Bill Is 'Good First Step'
  
  Rep. Kelly Armstrong, R-N.D., told Newsmax on Wednesday that he'll be voting in favor of the debt ceiling bill because it's a "good first step," despite not retaining much of the 'Limit, Save, Grow' bill that House Republicans passed.
• Michael Busler: The Debt Deal Can and Should Be Passed by Congress
  
  House Speaker Kevin McCarthy and President Biden just announced that they have reached a deal to raise the debt ceiling. While raising the debt ceiling usually occurs routinely, occasionally there are problems.
• Summer Holiday Food Favorites Are Costlier, Surveys Find
  
  Recent surveys show that it's a lot more costly to feed family and friends on this year's holidays like Memorial Day , with fixings for a backyard barbecue reportedly at steeply higher prices.
• If US Hits Debt Limit June 1, Not All Bills Will Be Paid
  
  The United States is now less than a week away from reaching its national borrowing limit, with the Treasury repeatedly warning it could run out of money to pay bills as early as June 1, threatening a catastrophic default.
• Negotiators Aim to Close Debt Ceiling Deal for 2 Years
  
  The White House and congressional Republicans on Friday aim to put the final touches on a deal to raise the U.S. government's $31.4 trillion debt ceiling for two years while capping spending on everything but military and veterans, according to a U.S. official.
• Consumer Spending, Up 0.8%, Beats Expectations
  
  U.S. consumer spending increased more than expected in April, boosting the economy's growth prospects for the second quarter. Paired with inflation picking up, the data could prompt the Federal Reserve to keep interest rates higher for some time.
• Inflation Remains High, as Key Gauge Rises to 4.4%
  
  A key index of U.S. prices ticked higher in April as consumer spending rebounded, a sign that inflationary pressures in the economy remain high.
• Fed Economists Still Expect 'Mild Recession'
  
  US Federal Reserve economists still expected a "mild recession" at the most recent interest-rate meeting earlier this month, according to minutes of the meeting published Wednesday.

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